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Eventually you may need to pick a loan modification specialist. This can be very difficult if you don’t know what to do. One way to find a specialist is to do a little investigating, ask a few friends for advice, or consult some professionals who work in this area. Here are some guidelines.
One sure way to find a reliable loan modification specialist or modification firm is to ask people who have used the services of such professionals in the past. Personal recommendations might not give you many names. You may need to explore other avenues of finding help. There are other means of finding a loan modification specialist. Ask your local real estate broker. Due to the very nature of their business, they will know lawyers who have had experience with the procedures involved in foreclosure, financial disasters, and loan modifications.
A simple call to your local state bar association can assist you in finding a lawyer who has experience dealing with situations similar to your own. You might not be comfortable letting your lending institution know how difficult things are for you. However, a talk with the bank manager about your situation may also result in a recommendation.
A foreclosure attorney is another source of finding a loan modification specialist. Due to the nature of their business, these lawyers have dealt with loan modifications while representing their clients. They might be reluctant to offer a name, but you won’t know until you ask.
After you have done the research and found some possible loan modification specialists, narrow your list to three choices. Call the attorney or firm and ask if they would be willing to negotiate a loan modification on your behalf. Don’t jump right in to the process and start giving out personal information right away; take some time to get to know who you are hiring. Even then, never give out your mortgage ID number, driver’s license number, social security number or credit card numbers over the telephone
Making an investment is an extremely important decision, not just for business houses but also for individuals. It is crucial that investors consider a few things before they make their investment decision for certain. Market factors are very important and they should be given prime consideration, as they define the future of your investments.
As the global markets are still recovering from the hard-hitting subprime crisis of 2008, taking market factors into consideration have never been so important ever before. It is also necessary that investors consider their long-term goals and not just short-term interests before making an investment. This helps with avoiding a bad or rash investment decision. Let us have a look at some of the important points that demand consideration at the time of an investment:
1. Having an emergency repository of funds: It is a given that all investors must compulsorily have an emergency fund of sorts to help them cope with future exigencies, such as sudden falls in the market, unemployment, and so on. This emergency fund can be built using a portion of the monthly salary over a considerable period of time or alternatively, channeling a large part of the same towards building the fund over a lesser period of time. This would depend on personal choices and financial ability, etc.
2. Assessing ones financial position: Before entering the world of investing, it is extremely important that potential investors take time and conduct an assessment of their financial position. This step is mainly to help potential investors understand their financial risk-taking capacity and also their plan-goal compatibility, while taking the market conditions into consideration.
3. Pre-caution from fraud: Given that the markets are still only just recovering, it is not rare to find fraudulent practitioners in the world of finance and investment. Therefore, it is always advisable to be on the alert for fraud. One way to avoid entering into deals with fraudulent companies is by investigating their authenticity through research, and also checking with friends and family who are also aware of and are engaged in investment.
4. Types of assets and spreading investment risk: Out of stocks, bonds and cash, seldom does one see the simultaneous rise of all three types of assets at the same time. Therefore, it is best if the investor spreads his or her risk and decides to invest in more than one type. That way, in the event that the value of your investment in one type falls, the investment in the other is still available to compensate or fall back on.
When buying an investment property you are likely looking to deposit as little down as possible to advance maximum control.
Be aware that if your property value falls you may possibly have a mortgage amount that is more than the price of your property. You really want to work with a guide or coach who can offer a number of experiences and guidance.
If you pick to use a 20% down payment for investment property mortgages the world is your oyster. Most financial institutions will bend over backwards to get your business.
You are considered very low threat to default on the mortgage.
You’ll still need a good credit score and the wages needed to qualify for the mortgage, but overall, you are in good shape to shop for a mortgage anywhere you please.
You should be able to acquire the most desirable interest rates available, whether you pick to go with a fixed rate or a wavering rate.
You should also be able to negotiate an ‘open mortgage’ which means that there is no mortgage penalty (often 3 months worth of interest) if you sell the house and pay off the mortgage early.
If you aren’t able to negotiate an open mortgage then ask if your mortgage is “portable”. If it is you may be able to move this mortgage into a new investment property with no penalty or condensed penalties.
And you should be able to elude having to purchase mortgage insurance all together.
All bank and/or credit union differs on this point but with approximately minimal effort and negotiation you must be able to avoid investment property mortgage insurance.
These are the details that an veteran mortgage adviser can help you with.
Know this…Investment property mortgages are constantly changing and there are new mortgages for investment properties coming accessible almost monthly!
So again, an veteran mortgage broker is likely your best answer.
For investors, lengthy amortization periods on investment property mortgages are advantageous because of two reasons: 1.The interest paid on these mortgages are tax deductible. 2.The lower monthly payment can reduce your monthly carrying costs very nicely.
Out of everything discussed around investment property mortgages, amortization periods get the most animated response from public.
There are details, fine print and exceptions to almost everything.
Things like mortgage penalties, mortgage insurance rates and mortgage stipulations need to be addressed.
So you will need to do your research and make sure the investment property mortgages you use are exact for you.
Ask questions, don’t be scared.
If what the bank or mortgage adviser is offering you is confusing, get clarification.
To meet experts in investment property mortgage who are limitedly available, go to SixFigureSyndication.com
If you often work with individuals who are going through divorce proceedings, then you may want to consider becoming a Certified Financial Divorce Specialist (CFDS). Having this credential shows that you have comprehensive information that will help clients explore their financial options related to a divorce agreement. Training for the CFDS will make you better at helping your clients find a better position of financial stability.
Topics Covered in the CFDS Certification
The CFDS training is designed to improve and increase your knowledge of the complexities of the financial problems that are related to divorce agreements. The more you know about the tax, financial, and legal complexities of divorces cases, the better you can provide support for your clients. Furthermore, the course contains guidance on your role as a professional CFDS.
Here is a brief summary of the topics covered by this training program:
Assessing and identifying assets including family home, property, and pensions to career assets and benefit plans.
Overview of the various legal proceedings, the role of a professional CFDS, and the different methods of settling a divorce case.
Identifying the tax problems from the impact of child support and alimony. Identifying the reporting requirements when selling and dividing the house.
Information about malpractice, ethics, and working with other professionals on the case.
How to present and prepare financial affidavits and other reports.
Training Format of CFDS
The CFDS training program is available online. When you order the certification training course, you can expect to receive everything you will need to complete the entire course from the comforts of your office or home. In addition, the package includes a blinder with around 500 pages of content covering the topics mentioned before and more. This foundational case material also combines questions and case studies to make the learning more realistic.
The Family Law Software program is also included in the package. This program helps calculate the financial impact of various options that are under consideration. For instance, you can use this software to determine what will happen to your client if she assumes credit card debt to keep the house. Part of the initial training package allows you five months of access to this program. After the initial five months are over, there will be a monthly fee that includes ongoing access to technical assistance and software updates.
It usually takes around three months to prepare properly for the online examination. After you have successfully completed the examination, you are required to finish a case study while using the Family Law Software. If you successfully complete this, then you will receive your certification.
Starting Your Certified Financial Divorce Specialist Career
A marketing package will come with your certification. This package will provide guidance on how to promote your skills and knowledge. There is a listing of networking opportunities, template for a press release, and other advice that can help you establish yourself in this market as a CFDS.
Frustrated borrowers stuck with the risky and unaffordable Pay Option ARM loans may be getting a break on their applications for a Wachovia loan modification. The recent final approval for the purchase of Wachovia by Wells Fargo Bank may open the door for a more aggressive loan modification program for homeowners facing default on their mortgage loans. Prior to the announcement of the purchase, Wachovia had implemented a beneficial loan workout program that offered their clients a low, step rate loan modification to help them avoid foreclosure and stay in their homes.
However, during the finalization of the Wells Fargo take over, borrowers experienced an extremely uncooperative response when applying for a Wachovia loan modification. The previous program was discontinued, and borrowers were routinely told that Wachovia was not offering any type of loan modification program to needy borrowers. The most a homeowner could hope for was a payment deferral or repayment plan. These two options are short term solutions at best, and not beneficial to the majority of borrowers as a long term solution.
Now that shareholders have given the final approval for the buy out, predictions are that a more aggressive Wachovia loan modification program will be implemented to quickly resolve the high default rate on Pay Option ARM loans written for the majority of Wachovia customers. Wells Fargo $12.7 billion acquisition faces immediate stress as home foreclosures keep rising and unemployment forecasts paint a dim, and lengthy recession threat.
Wells Fargo now owns $482.4 billion dollars in a loan portfolio that will produce $60 billion in losses over the next three years, and about 60% of that will come from the Pay Option Arm mortgages. That is a big incentive to find a cost effective, far reaching and streamlined Wachovia loan modification program to help the lender get those bad loans off their books. Homeowners who have been facing a brick wall may now find that they will have the opportunity to obtain a loan workout to avoid foreclosure and stay in their home.
Borrowers trying to get a Wachovia loan modification will have to be patient and persistent for now. There is no time line in place yet, however homeowners who are actively pursuing a loan workout with Wachovia should stay the course and work within the current system so that they will be in position to move forward as soon as any new program is implemented. Wells Fargo will have to make some tough decisions on how to best write down these loans, but borrowers could see a real benefit as the lender moves forward to clean up the mess they inherited.
At quick glance, whether or not a person experiences financial success in life may seem arbitrary. Some people seemed to have earned it through hard work, while others were handed money on a silver platter. Still others engage in unscrupulous tactics to achieve it and many of them ultimately pay the price. While we struggle to support ourselves, we wonder why we were not selected to experience financial riches.
The truth is, our life is what we make it. We can climb the corporate ladder while working for someone else or we can create our own destiny in a different way, by becoming entrepreneurs. Either one may offer intrinsic and financial reward, depending on who we are. Some people are not content to be restricted by a corporate structure and choose to embark on their own ventures. Though this is often an admirable move, success is not guaranteed.
Starting a small business is expensive and most entrepreneurs spend some sleepless nights wondering how they will pay the bills. Along the way, these individuals rely strongly on their core beliefs, one of which is often a strong sense of faith. Even those who started with little spiritual values may come to believe in a higher being who guides them down the right path. They place their trust in something outside of themselves, hoping it will make their career more rewarding.
Some people have seen what faith can do first-hand and they share their experience with others. By providing the lessons they learned and explaining the life-altering change they made, they hope to help other people transform their own lives. Many of them believe that being blessed with the success they have requires that they share the method of realizing it with the public.
This sharing, they believe, is their calling and duty, the price they must pay for their riches. In reality, it is not a sacrifice because every time they show others how to be more successful, they feel an internal satisfaction. What better thing can a person do than help someone else realize a dream? Even the most stubborn audience can take away valuable lessons from this conversation.
Whatever our faith is at this point may undergo a radical transformation when we find ourselves on the receiving end of such a powerful message. As we embark on our own journey to put ourselves in the financially secure category, we may remember this information and incorporate it into our lives. When we achieve financial security, it will be our turn to share the valuable lesson with others.
If finance experts are to be believed, green investment is still worth despite the global economic blues. Sustainable investment options are set to become more attractive in the long run with the incorporation of the eco-stimulus. Currently, green stocks are showing stable returns on investments and investors who care about how and where their money is being used are opting for the “go green” option.
Investment can be a great way of making money if done in a logical and systematic manner. In the last few years, significant changes have been visible in the interest of investors across the world. Other than oil and gas, interest has deviated to sources of energy as it causes less harm to the environment and society. Thanks to the increased awareness on sustainable investment opportunities, several companies across the world are realizing the importance to preserve and protect the planet. In the form of a contemporary type of stock investment, green investments are becoming popular for the investors who want to use it as a source of helping the earth and the atmosphere.
There is no significant difference in green investment and stocks and mutual funds. The difference lies in the fact that green investment is made in companies committed to conservation of natural resources. These companies are actively involved in producing sources of alternative energy, clean water and air projects and products and services that bring a significant change to the communities and environment.
As far as sustainable investment is concerned, green based projects are the main concern. Even though this movement includes companies that are into other lines of business, organizations that have modified their operations for running environment-conscious business can also be included in it. For the next several decades, green building, recycling and water will be the strongest growth points. Earlier this year when the market was up for 21% in March, market for green stocks rose to 30%. As part of the American Recovery & Reinvestment Act of 2009, approximately 14% is comprised of clean energy and efficiency.
There is a combination of a home loan and line of credit that will provide a homeowner with all the finance he needs. Since the duration of home loans are extremely long, flexibility is essential because many things can happen in 30 years. Your needs will change over time and so should your source of financing.
The problem of flexibility of mortgage loans was already solved by a home loan type that adapts to the borrowers needs. However, if the borrower wanted additional cash for some unexpected expenses, there was no solution provided by these loans. Thats why a combination of home loan and home equity line of credit is the best option for ultimate flexibility.
Option Mortgage Loans
The first part of this Loan Combo is the mortgage loan. The idea of these loans is that while for a certain situation a fixed interest rate mortgage loan would be the best option for you, you may have to go through difficult times eventually and you would prefer an interest only mortgage loan then. And perhaps, later your financial situation would improve and you would prefer to take advantage of better market conditions with a variable rate mortgage loan.
Normally you would have to refinance your loan many times over the life of a 30 years home loan in order to do all the above. But Option Mortgage Loans let you choose the set of rules that will apply to your loan each time you pay your mortgage installment. That way, if you go through some hardship you can pay only the interests and postpone the payment of principal. Or if you run into extra income you can choose to pay off your home loan sooner.
Home Equity Line of Credit
A home equity line of credit will complement an Option Mortgage Loan by providing additional finance each time you are in need of cash. So, if you suddenly find yourself in a complicated financial situation, you can not only reduce your monthly payments by changing your mortgage loan to an interest only home loan but you can also get extra cash by withdrawing money from your home equity line of credit.
The home equity line of credit is secured on your home, thus both the mortgage and the line of credit have the same security. A property worth $150,000 can easily provide you with a line of credit of $50,000 if your outstanding mortgage is $100,000. As you can see, its an excellent option for solving your finance issues for many years. You wont need to resort to any other source of finance again.
The main benefit of these lines of credit is that while you repay the money withdrawn, the cash will be available again right away if you need it again. Thus, you wont have to apply for a loan each time you need cash. Moreover, the interest rate charged for these loan products is significantly lower than that of personal loans and credit cards.
Undetected or Unreported?
For all types of elder abuse: for every reported case, there are 23.5 unreported cases.
For financial exploitation: for every reported case, there are 43.9 unreported ones.
For neglect cases: for every case undergoing investigation, there 57.2 unreported cases.
The New York State Elder Abuse Prevalence Study was the second-largest study ever conducted on elder abuse and the first one conducted on a statewide scope. Although the studys contents have not yet been released by New York State Office of Children and Family Services, the grim figures above were presented during a recent conference.
Scarier still, is the implication that the incidences of abuse may actually be even higher since the study excluded older persons who were unable to participate in telephone surveys.
Surprisingly, the most commonly reported was emotional abuse, followed by physical abuse; however, financial exploitation seemed to be the most prevalent form of elder mistreatment.
If previously undetected, how do we know if its occurring at all? And what can you do to stop it?
Monitor Financial Activity. Look for these things:
Unusual activity based on ability, e.g. ATM use by a physically impaired person
Unexpected new withdrawals in round numbers ($50, $100, $1,000, etc.)
Withdrawals from a savings account or from checking accounts despite of penalties
Increased financial activity on bank statements
Requests to change account beneficiaries or issuance of authorizations
Elder showing signs of confusion related to finances
Property title changes or re-financing reports
Monitor Inheritance and Wills. Watch out for:
Changes in Power of Attorney or Durable Power of Attorney
Will or trust modifications when the elderly is incapable of requesting changes
Requesting will or trust changes that are in favor of a much younger friend
Caregivers should take note of these unusual behaviors:
Avoidance of discussion of financial matters that were once routine
Elderly showing signs of depression
Caregiver says the elderly wants to avoid calls and visits
Caregiver seeming to be overly concerned with financial matters
Caregiver speaking for the elder even when the elder is around
Perform background check if the caregiver has other means of support other than the elders income
Where to Get Support
For more resources related to elder abuse, you can contact the APS Network. You can find the appropriate contact numbers to call by clicking on the Report Abuse button on their website and then choosing your state.
If you require immediate legal assistance, you can contact local attorneys with years of expertise in elder law. For example, in Indianapolis City, you can reach out to Applegate-Harden Law Firm.
Vinyl wraps, as we all know, are synonymous with advertising. Organizations produce usage of vehicle wraps for branding, branding which helps raise the profile of their corporation. While advertising with these wraps are full on the go, the completely new craze just for car modification has largely inclined towards car wraps for the entire car makeover. Folks are finding their car wrapped with vinyl films to present it a different finish as well as color. This craze has emerged lately due to the monotony which eventually slips in while driving the equivalent vehicle just for long. Not all of us can afford a completely new car every time a interesting model gets launched in the industry. This is a simple way of giving your old car, a brand-new appear, and also giving yourself a boost to drive it with interest.
The very best Car Wraps use the latest process in print production. The qualified gurus use a car as a blank canvas to fill it in with their artwork. They can customize your car in whichever way you want. It is like obtaining a brand completely new car, just at a a lot lower expenditure. You actually might be thinking which a personalized spray paint job might also bring in the identical effect at a lower expenses, so why invest in wraps? While your question is quite relevant, the answer is also proper in front of you actually. A wrap is nothing but a thin film which lays out on the top of your cars factory skin. It gives a second skin for the car, thus protecting the original color of it. You actually can take off a wrap whenever you want to. The inner color will be revealed in its intact state. You actually can also replace an old wrap with a brand new one according to your mood and craze.
Vinyl car wraps of top quality have warranty of about 5 to 7 years. So, you actually could keep it just for long, until something else comes in the craze. The original paint gets shielded from chipping or fading, which also slows down the course of action of depreciation. This can support you actually get a far better cost while reselling the car. A full wrap just for your car will expenditure you actually around some thousand bucks. Earlier, modifications adopted by car whizzes are a lot costlier than this, which included personalizing amount plates, transforming tires, adding spoilers, etc.